SVP - Marketing and Communications
VP - Investor Relations
Alpharetta, GA., February 12, 2002 - The board of directors of Certegy Inc., (NYSE:CEY), today elected Lee A. Kennedy as chairman of the board of directors. Kennedy, 51, will also continue as president and chief executive officer.
"The election of Lee as chairman is part of the succession plan put in place when I agreed to serve as chairman for a one-year period following the spin-off from Equifax last year," said Tom Chapman, chairman and CEO of Equifax. Chapman will continue to serve on the board until his term expires in May 2002.
"Lee and his team are focused on growth and maximizing shareholder value. I am most confident about the future of Certegy," said Chapman.
"We deeply appreciate the contributions Tom has made to Certegy," said Kennedy. "His dedication and vision have guided us since our inception and positioned us for continued success as a company."
# # #
Certegy (NYSE:CEY) provides credit, debit and merchant card processing, e-banking, check risk management and check cashing services to over 6,000 financial institutions, 175,000 retailers and 140 million consumers worldwide. Headquartered in Alpharetta, Georgia, Certegy maintains a strong global presence with operations in the United States, Canada, United Kingdom, Ireland, France, Chile, Brazil, Australia and New Zealand. As a leading payment services provider, Certegy offers a comprehensive range of transaction processing services, credit risk management solutions and integrated customer support programs which facilitate the exchange of business and consumer payments. Certegy employs over 6,100 associates in nine countries and generated $851 million in revenue in 2001. For more information on Certegy, please visit www.certegy.com.